Today's Issue
- Editor's Take
- GOOD NEWS! Senate approves on second reading bill raising insured deposit ceiling
- Events: Briefing on Food Labelling(Friday January 16); Time Management (Monday January 19); How to Start a Business (Tuesday January 20); Food Safety (Tuesday January 20); and MS Access (Wednesday-Thursday January 21-22)
- Tax Calendar
Senate approves on second reading bill raising insured deposit ceiling
THE SENATE yesterday approved on second reading a bill raising the insured deposit ceiling to boost confidence in the local banking sector amid a global financial crisis.
Senate Bill No. 2964 proposes to amend Republic Act 3591 or the Philippine Deposit Insurance Corp. (PDIC) Act by increasing the maximum deposit insurance coverage to P500,000, from the current P250,000.
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Tax Calendar
Monday 22 December - E-Filing of Monthly VAT declarations due on November 2008 transactions where such taxpayer's fiscal quarter ends on 12.31.08 or 1.31.09 by EFPS filers belonging to Group E* and D* (BIR Form No. 2550M)
Monday 22 December - E-Filing of Monthly Percentage Tax Declarations due on November 2008 transactions where such taxpayer's fiscal quarter ends on 12.31.08 or 1.31.09 by EFPS filers belonging to Group E* and D* (BIR Form No. 2551M)
Source: Manabat Sanagustin & Co.
Editor's Take
For nine consecutive days before Christmas, thousands of Filipino Catholics will flock to churches and cathedrals across the archipelago in observance of Simbang Gabi, the pre-dawn Mass.
The practice dating back centuries is often followed by a hearty breakfast of traditional delicacies prepared with galapong, a variety of sticky rice. The popular fare—suman, bibingka and puto bumbong—goes down with mugs of steaming barako coffee, spicy salabat (honey-laced lemon-ginger tea) or thick and sweet tsokolate.
Enterprising Filipinos are taking opportunity of a resurgent craving for things traditional, with a twist. Like flavored suman, a treat which is available in places like Café Tita Lynn’s in San Juan’s trendy Tiendesitas shopping area. The sticky rice delights are served with the above mentioned beverages that were once common to Filipino tables in both town and countryside.
Whilst bland to the taste buds of the Westerner, suman steamed in a banana or coconut palm leaf wrapper appeals to the Filipino palate. Whether as main repast or dessert suman evokes warm childhood memories and pleasant company.
So, while I personally prefer to add to taste by dipping suman in hot cocoa or plain sugar, the idea of preparing the galapong with a dash of flavor quickly captured this SME marketer’s attention....
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